Brazil needs prudent policies to avoid outlook downgrade -S&P
RIO DE JANEIRO Dec 15 (Reuters) - The Brazilian government needs to seek prudent policies and economic stability to avoid a downgrade of the outlook on its debt rating, Standard & Poor's senior analyst Sebastian Briozzo said on Monday.
In March, S&P cut Brazil's debt rating by one notch to its lowest investment grade due to the erosion of the country's public accounts and slow economic growth.
A downgrade of Brazil's stable outlook could lead to Brazil losing its coveted investment grade, which would trigger an exodus of institutional investors with positions in Brazil. (Reporting by Walter Brandimarte; Writing by Alonso Soto; Editing by Bernadette Baum)
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